Budget revenue from import-export activities reached 36% of the estimate.

The General Department of Customs said that in the first 5 months of the year, the entire industry encountered many difficulties in collecting and paying state budget due to many reasons.

Of which, the total import-export value of the whole country in 5 months only reached the total import-export value of Vietnam's goods estimated at 262.54 billion USD, down 14.7% (equivalent to a decrease of 45.42 billion USD) compared to the same period in 2022. Of which, the export value is estimated at 136.17 billion USD, down 11.6% (equivalent to a decrease of 17.93 billion USD) compared to the same period in 2022 and the import value is estimated at 126.37 billion USD, down 17.9% (equivalent to a decrease of 27.49 billion USD) compared to the same period in 2022.

The total value of imported and exported goods nationwide has decreased, causing difficulties for the customs sector in collecting state budget revenues. From May 1 to May 31 alone, the entire customs sector collected only VND30,054 billion, down 6.23% compared to April.

The Import-Export Tax Department (General Department of Customs) said that the reason for the lower revenue in May compared to April was due to the decrease in taxable import turnover of some items with large revenue, such as 7,600 complete automobiles of all kinds, worth 189.5 million USD, down 37.8% in volume and 33.6% in value, reducing revenue by 1,287 billion VND; iron and steel of all kinds reached 675 thousand tons, worth 555 million USD, down 22.1% in volume and 16.7% in value, reducing revenue by 253 billion VND; phones of all kinds and components reached 166 million USD, down 27.1%, reducing revenue by 180 billion VND.

According to the Import-Export Tax Department, in the first 5 months of the year, for the first time, Vietnam recorded a higher number of enterprises temporarily and permanently withdrawing from the market than those entering and re-entering the market. The war in Russia and Ukraine has caused the world economy to recover slowly, along with the tightening of monetary policy, leading to a sharp decline in consumer shopping trends around the world. At the same time, the global supply chain continues to face the risk of disruption and breakage, leading to many consequences for import-export activities and economic growth.

In addition, major economies that are Vietnam's export partners such as the United States and the European Union (EU) have reduced their purchasing targets for common and luxury products, causing a decrease in order volume, especially for industries such as textiles, footwear, bed, wardrobe, table, chair production, metal production, and continuous fluctuations in gasoline prices.

The Import-Export Tax Department believes that the above factors have led to a decrease in the total taxable import-export value of the country in the first 5 months of the year.

Although in the first 5 months of 2023, some commodity groups also had quite positive state budget revenue results, notably the group of completely built-up automobiles of all kinds with taxable import turnover reaching 61,780 thousand units, worth 1.38 billion USD, up 21.8% in volume and 9.5% in value, increasing revenue by 4,600 billion VND; crude oil products reached 4.9 million tons, worth 3 billion USD, up 49% in volume and 20% in value, increasing revenue by 1,000 billion VND compared to the same period last year.

In addition, many units that account for a large portion of the industry's revenue have seen a sharp decrease in cumulative revenue as of May 31, such as Hanoi Customs Department, down 17.37%; Ba Ria Vung Tau Customs Department, down 24.8%; Dong Nai Customs Department, down 32.45%; Binh Duong Customs Department, down 28.87%; Bac Ninh Customs Department, down 22.69%; Ha Tinh Customs Department, down 26.27%...

In 2023, the General Department of Customs was assigned by the National Assembly to estimate the state budget revenue of VND 425,000 billion. The 2023 budget revenue estimate is built on the basis of expected economic expenditures such as GDP growth rate of 6 - 6.5%; crude oil price of 70 USD/barrel; export turnover increasing by 8 - 9%; import turnover increasing by 7 - 8%.

The General Director of the General Department of Customs requested that its affiliated and subordinate units focus resources to resolutely implement basic tasks from the beginning of the year to achieve the set goals.

Accordingly, it is necessary to strengthen administrative procedure reform, modernize customs, facilitate trade and import-export activities, shorten time and costs for customs clearance of goods; implement the Vietnam Customs Development Strategy to 2030, towards the general goal of building a standardized, modern Vietnam Customs, on par with the Customs of developed countries, leading in implementing digital government, with a smart Customs model../.

Source link